Yen Commentary for 19-Nov-08

 

Japanese Yen Commentary provided by GCI Financial, Ltd.:
Tables & Charts

The yen depreciated vis-à-vis the U.S. dollar today as the greenback tested offers around the ¥97.15 level and was supported around the ¥96.05 levels. The pair retraced most of the intraday losses incurred in late North American dealing yesterday. Traders are closely watching the political kabuki in Japan where the opposition Democrats are trying force an early election by delaying key bills designed to assist struggling banks. Traders are closely monitoring this week’s Bank of Japan Policy Board meeting with most expecting no additional easing at this time after having cut the unsecured call rate by 20bps to 30bps in October. Still, it is possible the central bank may adopt other measures designed to steer money market rates lower. Economy minister Yosano warned the next fiscal year beginning...continued 

Yen Focus
 
Day's Change 52-Week High 52-Week Low

Instrument

Current

 Points % Date Value Date Value
Exchange Rates

19-Nov-08
AUD/JPY This marker indicates the current chart. 62.4599 0.0192 0.03% 22-Jul-08 104.1676 27-Oct-08 56.5039
CAD/JPY This marker indicates the current chart. 78.3766 -0.2337 -0.30% 26-Dec-07 116.3864 27-Oct-08 71.8654
CHF/JPY This marker indicates the current chart. 80.2460 -0.4186 -0.52% 21-Jul-08 104.6317 18-Nov-08 80.2460
EUR/JPY This marker indicates the current chart. 121.8200 -0.0500 -0.04% 18-Jul-08 169.4900 27-Oct-08 115.8700
EUR/JPY Fwd-1 Yr This marker indicates the current chart. -226.3000 0.0000 0.00% 17-Nov-08 -221.5000 21-Jul-08 -691.8000
GBP/JPY This marker indicates the current chart. 144.3000 -0.4100 -0.28% 13-Dec-07 229.4000 12-Nov-08 142.4600
USD/JPY This marker indicates the current chart. 96.5300 -0.0600 -0.06% 26-Dec-07 114.1800 27-Oct-08 93.2800
USD/JPY Fwd-1 Yr This marker indicates the current chart. -158.0000 0.0000 0.00% 16-Mar-08 -123.0000 17-Dec-07 -409.0000
 
Interest Rates

19-Nov-08
USD 1W LIBOR This marker indicates the current chart. 0.9440% 0.0250% 2.65% 21-Dec-07 5.0940% 11-Nov-08 0.8020%
USD 6M LIBOR This marker indicates the current chart. 2.6310% 0.0000% 0.00% 10-Dec-07 4.9670% 17-Mar-08 2.3660%
 
Indices

19-Nov-08
Hang Seng This marker indicates the current chart. 12,898.98 -629.55 -4.88% 6-Dec-07 29,558.92 27-Oct-08 11,015.84
NASDAQ This marker indicates the current chart. 1,483.27 1.22 0.08% 26-Dec-07 2,724.41 17-Nov-08 1,482.05
Nikkei 225 This marker indicates the current chart. 8,180.13 -342.45 -4.19% 11-Dec-07 16,044.72 27-Oct-08 7,162.90
 

source: DTN Market Access

part 1...in April could also see negative growth. The Nikkei 225 stock index lost 2.28% to close at ¥8,328.41. U.S. dollar offers are cited around the ¥104.15 level. The euro moved higher vis-à-vis the yen as the single currency tested offers around the ¥122.95 level and was supported around the ¥121.00 figure. The British pound moved higher vis-à-vis the yen as sterling tested offers around the ¥146.00 figure while the Swiss franc gained ground vis-à-vis the yen and tested offers around the ¥80.95 level. The Chinese yuan depreciated vis-à-vis the U.S. dollar as the greenback closed at CNY 6.8284 in the over-the-counter market, up from CNY 6.8269.

SUPPORT   RESISTANCE

 
L1.       89.30   100.75 
L2.       84.20   103.10
L3.       81.10   106.00

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